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PrimeBusiness.africa is Nigeria's most trusted independent online newspaper covering Africa's socio-economic issues, trade and investment; it provides informed perspectives on economic and political events in Nigeria and Africa.

The All Progressives Congress (APC) has dismissed recent media reports claiming that a Canadian court labelled the party...
16/08/2025

The All Progressives Congress (APC) has dismissed recent media reports claiming that a Canadian court labelled the party a terrorist organisation, calling the claims “false and misleading.”

The All Progressives Congress (APC) has dismissed recent media reports claiming that a Canadian court labelled the party a terrorist organisation, calling

The African Democratic Congress (ADC) is aiming to consolidate its national presence as 17 political parties and 637 can...
16/08/2025

The African Democratic Congress (ADC) is aiming to consolidate its national presence as 17 political parties and 637 candidates vie for 68 legislative seats in the ongoing nationwide by-elections, with the party focused on securing votes and positions across the country.

The African Democratic Congress (ADC) is aiming to consolidate its national presence as 17 political parties and 637 candidates vie for 68 legislative

The Nigerian Communications Commission (NCC) has raised alarm over the fragility of Nigeria’s digital backbone, warning ...
16/08/2025

The Nigerian Communications Commission (NCC) has raised alarm over the fragility of Nigeria’s digital backbone, warning that any disruption to telecommunications infrastructure could paralyse emergency services, cripple financial transactions, and undermine national security. Reaffirming its commitment to protecting these critical assets, the Commission described telecoms as the lifeline of the nation’s economy and everyday life.

The Nigerian Communications Commission (NCC) has raised alarm over the fragility of Nigeria’s digital backbone, warning that any disruption to

Rivers State police have arrested a Port Harcourt pastor and two church officials after a disturbing video showing minor...
16/08/2025

Rivers State police have arrested a Port Harcourt pastor and two church officials after a disturbing video showing minors being flogged during a so-called “spiritual cleansing” went viral online.

Rivers State police have arrested a Port Harcourt pastor and two church officials after a disturbing video showing minors being flogged during a so-called

The Dangote Group has pledged full medical care and compensation after a devastating accident on the Auchi–Benin highway...
15/08/2025

The Dangote Group has pledged full medical care and compensation after a devastating accident on the Auchi–Benin highway in Edo State left Ms. Ruth Otabor, younger sister of reality TV star Josephina “Phyna” Otabor, fighting for her life. The crash, which happened on Wednesday, involved one of the company’s cement trucks and has since sparked a nationwide outcry.

The Dangote Group has pledged full medical care and compensation after a devastating accident on the Auchi–Benin highway in Edo State left Ms. Ruth

The stock market capitalisation decreased to N92.28 trillion on Wednesday, August 13, from N92.40 trillion recorded on T...
14/08/2025

The stock market capitalisation decreased to N92.28 trillion on Wednesday, August 13, from N92.40 trillion recorded on Tuesday, August 12.
While the equity capitalisation declined by N120.91 billion, the all-share index (ASI) depreciated by 190.2 basis points, from 146,055.89 ASI to 145,864.8 ASI.

The stock market capitalisation decreased to N92.28 trillion on Wednesday, August 13, from N92.40 trillion recorded on Tuesday, August 12.

Nigerian-born investment banker and infrastructure mogul Adebayo Ogunlesi has entered Africa’s top ten richest individua...
14/08/2025

Nigerian-born investment banker and infrastructure mogul Adebayo Ogunlesi has entered Africa’s top ten richest individuals after his net worth surged by $800 million in 2025, driven by gains in his stake in global asset management giant BlackRock.

Nigerian-born investment banker and infrastructure mogul Adebayo Ogunlesi has entered Africa’s top ten richest individuals after his net worth surged by

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the f...
14/08/2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion from crude oil, gas sales, and related activities.
This falls short of the proportional mid-year benchmark needed to meet its ambitious ₦15 trillion annual target set to fund the 2025 budget.

NUPRC recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre,...
13/08/2025

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, a move expected to intensify competition in Nigeria’s fuel market and potentially ease pump prices for consumers.

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, a move expected to intensify

A 0.12 percent increase in the all-share index (ASI) of the Nigerian Exchange Limited (NGX) led to the bourse’s market c...
13/08/2025

A 0.12 percent increase in the all-share index (ASI) of the Nigerian Exchange Limited (NGX) led to the bourse’s market capitalisation rising by N110.77 billion on Tuesday, August 12.

According to data obtained from the NGX, the market capitalisation of the Nigerian stock market rose from N92.29 trillion on Monday, August 11, to N92.40 trillion.

A 0.12 percent increase in the all-share index (ASI) of the Nigerian Exchange Limited (NGX) led to the bourse’s market capitalisation rising by N110.77 billion on Tuesday, August 12.

Nigeria is set to roll out a $60 billion infrastructure venture combining gas development with the construction of a 4,0...
13/08/2025

Nigeria is set to roll out a $60 billion infrastructure venture combining gas development with the construction of a 4,000 kilometre high-speed rail network one of the largest projects of its kind in Africa.

Nigeria is set to roll out a $60 billion infrastructure venture combining gas development with the construction of a 4,000 kilometre high-speed rail

Abuja is set to light up this festive season with the launch of “Groovy December”, a 16-day cultural and entertainment f...
13/08/2025

Abuja is set to light up this festive season with the launch of “Groovy December”, a 16-day cultural and entertainment festival running from December 15 to 31, 2025.

Abuja is set to light up this festive season with the launch of “Groovy December”, a 16-day cultural and entertainment festival running from December 15

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